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The commercial real estate market is still reeling from the aftermath of the pandemic—and 2023 was a particularly bad year for the sector. Last fall, Julie Whelan, CBRE’s global head of ...
There have been several signs in the past couple of years that commercial real estate was headed toward a major downfall. Office vacancy rates reached a 30-year high around 18% in 2023. Companies ...
Additionally, Raichura expects office vacancies, which stood at 16.7% in the third quarter, according to real estate firm Colliers, to peak at 20.5% at the end of 2025 and hover there through 2028.
Number of employees. 115,000 (2022) Website. www .cbre .com. Footnotes / references. [1] CBRE Group, Inc. is an American commercial real estate services and investment firm. [2] The abbreviation CBRE stands for Coldwell Banker Richard Ellis. It is the world's largest commercial real estate services and investment firm (based on 2022 revenue).
The US Commercial Real Estate Index ("CREI") is designed to demonstrate the relative strength of the US Commercial Real Estate market. Created in 2014, the US CREI was created by CRE Demographics, LLC, and examines eight economic drivers in order to determine relative market strength. [1]
Cushman & Wakefield Inc. is an American global commercial real estate services firm. [1] The company's corporate headquarters is located in Chicago, Illinois. [2] Cushman & Wakefield is among the world's largest commercial real estate services firms, with revenues of US$9.5 billion in 2023. The company operates from approximately 400 offices in ...
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